Nitro Petroleum Incorporated
OTC Bulletin Board : NTRO

Nitro Petroleum Incorporated

April 23, 2007 09:02 ET

Nitro Petroleum, Inc.-Completes Sale of Corsican Properties

LAS VEGAS, NEVADA--(CCNMatthews - April 23, 2007) - Nitro Petroleum, Inc. (OTCBB:NTRO) -

Nitro Petroleum, Inc. (OTCBB:NTRO) is pleased to announce that it has completed the sale to Rife Energy Corporation of its Corsicana properties in Texas. Nitro will be using the funds from the Corsicana sale to acquire new properties in Pottawatomie County, Oklahoma. The properties in the Pottawatomie County are wells that have been previously drilled and completed in the Hunton Lime. Nitro will re-equip the wells and have them put back online; at this point Nitro will have two producing properties and a saltwater disposal well. Nitro will be clearing title and re-leasing the properties and have all paper work cleared within the next 30 to 45 days and anticipates it taking approximately 10 days to have the wells online. More details will be released as they become available.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

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